SABLE EXPLORATION AND MINING LIMITED - Retirement of CEO

Retirement of CEO

Sable Exploration and Mining Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/006539/06)
(Share Code: SXM ISIN Code: ZAE000303319)
("SEAM" or "the company")

Retirement of CEO

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited
("JSE"), the board of directors of SEAM ("the Board") hereby notifies its shareholders that
it has decided not to renew the CEO, James Allan's contract with effective from 31 October
2024 as he has reached retirement age.

The following subsidiary companies of SEAM will be transferred to James Allan at zero
consideration value and will not be regarded as a related party transaction in terms of
paragraph 10. 6 of the JSE Listings Requirements:

Fast Pull Trade and Invest 74 (Pty) Ltd
Middle Wave Trade and Invest (Pty) Ltd
Saddle Path Properties 54 (Pty) Ltd
Squirewood Investments 96 (Pty) Ltd
Writer Star Trade and Invest (Pty) Ltd

The Board thanks James for his long service and dedication to the company.

The Board will begin the process of finding a suitable replacement for James.


10 October 2024
Sandton

Sponsors
Exchange Sponsors

Date: 10-10-2024 05:08:00
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